EP, HIET is just starting to market their explosive detectors. They have not got to the point where there is a sales flow, and they are not communicating any distribution details, other than they have a distributor for Europe in Spain, and an Arab distributor in the Mideast. Because of the product and it's customers, HIET is pretty secret with information. The Spain distributor bought the first commercial unit. Interestingly, the Mideast distributor Arab CEO is a major stock holder. As you know, most bombs are in Spain and the Mideast, apparently that is the start-up market strategy.
Then there is the development agreements in the US with milestone phase payments, from the DoD for a military mine detector, and TSA for containers and luggage.
Then there is this unannounced recent discovery:
By: captain_mayhem0
13 Feb 2005, 12:38 PM EST
Msg. 27156 of 27435
Jump to msg. #
YOU GUYS READY ? XDS response -
here is my very timely response from XDS -
Dear Mr. XXXXXX,
We are participating in IDEX 2005. Our stall no. is OUTDOOR A4B. You are
welcome to visit us at the IDEX. We are distributors for Hi Energy.
Unfortunately all relevant persons who can give you more information are at
the IDEX. If you visit IDEX you may get answers to all questions there.
Regards,
Amita
The "relevant persons" where at the Mideast demo in the last news release a couple of days ago, in which HIET scored 100% detection, 0% false positives.
So I really can not answer your question, but the product is needed, and is more advanced, smaller, and far cheaper than the X-ray units which typically cost in the millions. So I am expecting significant sales at some point. Could also be a buy-out target in the future, IMHO.
... hawk
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